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at the wrong time? in today's cover story, from the port to the picket lines. an east coast port strike threatens to rattle the economy. after years of cutting out credit card use, why shoppers are getting back into the swipe of things. plus, could a tumble off the fiscal cliff hurt the markets? one trader says don't fall for the hype. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's friday, december 28th. i'm angela miles. in today's first look: watch your neck. the market is a head-turner. yesterday the dow dropped more than 100 points on word out of washington a resolution to the fiscal cliff was unlikely. but president obama returned early from vacation and is said to have a new proposal to offer congress, sparking a rally that left the dow down just 19 points. reports are swirling apple is moving production of its mac mini computers to foxconn plants in the u.s. apple may also be working on a smart watch. and, the new york stock exchange landed the most ipo for 2012. larry levin of trading advantag
deadline threatening the u.s. economy. dockworkers at some of the nation's biggest ports could walk off the job this weekend, if a new labor deal isn't reached. as allison worrell reports, a strike could ripple far beyond the ports. >> reporter: if a deal isn't reached by 12:01 a.m. sunday, union dock-workers will take to the picket-line. 15 ports span the east and gulf coasts. and while they're in different locations, handling different types of cargo, they all agree, a strike would be very bad for business. >> it's really important for the people in our country to recognize, in this state, that a strike combined with the ongoing negotiations between congress and president obama regarding, um, the so-called fiscal cliff could be a one, two combination knock out for nation's economy. >> if a strike does happen that means a big chunk of the more than 14,000 members of the international longshoresmen association will be off the job. >> reporter: the ports impacted generate an estimated $11 billion in state and local taxes annually. but losses from any strike will be felt far beyond the co
, still drifting at this point. >>> america's fastest growing port, you think it is los angeles, maybe new york, think again. savannah, georgia tops the list thanks to exports of chicken feed, a delicacy in asia. the head of the port is up ahead. tracy: maybe he will tell us how to eat those. ashley: no. tracy: outrage over spending bill for superstorm sandy is filled with pet projects in washington, d.c. while people are still devastated by the storm. liz claman on the story. ashley: from chicken to pork. time for stocks now. as we do every 15 minutes we head to the floor of the new york stock exchange, and nicole petallides. the market is literally at a stand till over this fiscal cliff. >> i knew you knew where we were going every 15 minutes, ashley. we have to check in on the markets. you're seeing the dow who haver around the unchanged line, down three points now. tech-heavy nasdaq the worst of the bunch down one half of 1%. app, i'm also watching whether or not the dow will have winning week. we had three straight weeks in a row of gains. if we close right here right now we're all ri
in washington this weekend. >> port: thpresident declared himself modestly optimistic congress could still reach an agreement to head off huge tax hikes on january first, but he also warned lawmakers to get their work done. >> the american people are not going to have patience with a self-inflicted wound on the economy. >> reporter: senate republican leader mitch mcconnell called the white house meeting a good one and he told his fellow republicans he hoped to have a fiscal cliff recommendation soon. >> we will be working hard to see if we can get there in next 24 hours and so i am hopeful and optimistic. >> reporter: but the sticking point remains finding something that can make it through the house with enough support from republicans. >> it seems like the 250 threshold that the president proposed previously is unlikely to pass the house in its current form, and so without some sort of additional compromise there, it seems unlikely that we're going to get something done before the end of the year. >> susie: you know thanks for that report. i am just wondering from all of the reporting you have
the cliff- hanger over the nation's east and gulf coast ports, is almost over. federal mediators say dockworkers represented by the longshoremen's union and the u.s. maritime alliance are close to finalizing a new labor deal. so close, that they've extended the deadline on negotiations by another 30 days. this heads off a strike that could have begun on sunday, crippling 14 important ports. the possibility of a strike worried retailers, manufacturers, and farmers, and risked losses in the billions. >> susie: our next guest says once the fiscal cliff mess is resolved, there will be an explosion of mergers and acquisitions in 2013. he's robert profusek, chairman of the global m&a practice at jones day. so bob why you are so up beat about more mergers and being a acquisitions especially with everything going on with the fiscal cliff. >> it's a pessimistic time andthat is a cause for optimism in the merger market. m & a has been fantastic. 9 market has been okay. it's not been at the terrible but it's been good. it's been held back by the negativism that was focused on the eu and this ye
. wind farms and dairy are set to get hit. >> the ports of the east coast and gulf coast are bracing for a potential strike. the potential for this, midnight sunday with a shutdown threatening to threaten 20% of the cargo traffic. >> and instagram feeling the sting of the flap around privacy with users, fleeing the site. how will this impact facebook? >> as we mentioned, dennis berman, "wall street journal" market place editor is joining us here on set once again for the next hour. good to have you back, dennis. lots to talk about between the cliff and other news. >> three days before the u.s. goes over the fiscal cliff, congressional leaders will meet with the president this afternoon. i remember standing on the white house north lawn last month, after leaders met with the president back then. things looked pretty promising. here's what they said after that meeting. >> i believe that the framework that i've outlined in our meeting today is consistent with the president's call for a fair and balanced approach. >> i feel confident that a solution may be in sight. >> it was a construct
pushing blue-chips into triple-digit gains. right now the dow is up 113 points. >>> workers at the ports of los angeles and long beach are back at work today of an eight-day strike crippled one of the nation's busiest ports. the announcement came from the mayor of los angeles who joined federal negotiators to negotiate a deal between the employees and portfolio managerment. mayor villaraigosa will be a guest on fox business. >>> elizabeth murdoch died, mother of rupert murdoch. she was considered one of australia's most generous philanthropists donating money to more than 100 charities. dame elizabeth murdoch was 100 years old. that is the latest from the fox business network, giving you the power to prosper. lori: as republicans and democrats continue the back and forth over the fiscal cliff one thing they're already losing is the confidence the american people. look at this. just four in 10 americans believe washington will reach a deal by year's end to avert the fiscal cliff but nearly half do not think they will. that is according to this new poll released by the pew research center.
washington should not pull out the rug from under this rebound. ship wreck, massive port strike that could happen this weekend halts commerce for the country. top of the hour, stocks now and every 15 minutes, lauren at the new york stock exchange. stocks down, but it could be worse, lauren. >> it could be worse. at one point, after 109 points, and now down 59 on the second to last trading day of the year. the nasdaq, believe it or not, is the winner today, down by just about .16%, doing the best of the three major averages. i point that out because for the month of december, the nasdaq is the only major average negative. it's interesting to know we started the year with nasdaq at 26.0 # 5, and now at 29.81, we came a long way. a good year for tech. the vix up above 20. fear of the fiscal cliff and traders saying, all right, we have this idea of a deal getting done baked into the markets, but maybe that's going to unravel a little bit. barnes and noble share, stock up more than 6 #% as i speak. the news is both good and bad. bad news first. they say the holiday period and sales trends will
- hanger over the nation's east and gulf coast ports, is almost over. federal mediators say dockworkers represented by the longshoremen's union and the u.s. maritime alliance are close to finalizing a new labor deal. so close, that they've extended the deadline on negotiations by another 30 days. this heads off a strike that could have begun on sunday, crippling 14 important ports. the possibility of a strike worried retailers, manufacturers, and farmers, and risked losses in the billions. >> susie: our next guest says once the fiscal cliff mess is resolved, there will be an explosion of mergers and acquisitions in 2013. he's robert profusek, chairman of the global m&a practice at jones day. so bob why you are so up beat about more mergers and being a acquisitions especially with everything going on with the fiscal cliff. >> it's a pessimistic time andtn the merger market. m & a has been fantastic. 9 market has been okay. it's not been at th terrible bus been good. it's been held back by the negativism that was focused on the eu and this year it's the fiscal cliff and the election and e
bullish going forward. back to you. melissa: thank you. a strikeout the nations busiest port complex. costing the nation a billion dollars a day. the port of long beach director joins us just ahead. lori: let's see how the dollar is trading. it is a weaker dollar with big euro pushing up to 130. the dollar weaker, really, across the board. we will be back with more after this. ♪ twins. i didn't see them coming. i hai need to rethink the oblco of my portfolio.atio. what i reallneed is sleep. introducing the ishares core, buildi blocks for the hearof your portfoli find out why 9 out of 10 large professional investors chse ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. he's going to apply testosterone to his underarm. axiron, e only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is nofor use in women or anyone younger than 18. axiron can transfet
returning to work at the port of los angeles. after very costly strike costing a billion dollars per day. coming up, the mayor is going to be joining us live, talking about the ports, the drive to bring a football stadium back to life to the city and the city's biggest looming crisis. liz: pandora taking a big hit today down 17.5%. the company beat on some expectations and did very well with revenues but they lowered fourth-quarter estimates saying they swing a lot. pandora president and ceo on why the expectations were lower. he says it is one metric, nothing to worry about and what is being done to bring in more revenue from the event. david: a mixed day on wall street stepping the losing streak while the nasdaq closed in the red as apple tumbled almost 7%. searching before getting back some of the gains in the last half-hour. utilities and financials with a top performing sectors. adding 118,000 private sector jobs in november. sharply down from 137,000 created in october. blaming hurricane sandy saying it trimmed job growth by 86,000 workers, small business created the fewest jobs in
on all of the ports on the east coast of america? >> it would have been fairly significant if we would had a shutdown on all of the ports from the east to texas and it would affect importing, exporting, manufacturers who rely on inputs to production, farmers who are trying to get their products to market overseas, trucking companies who sold jobs to pick up containers at the ports this would have been felt fairly wide throughout the u.s. economy. >> can you put a number on it? can we look at previous shutdowns of ports and what they cost the u.s. economy on a per-dayis bahhis, for example? >> sure thing. when we look back at what happened in 2002 we had a full shutdown on the west coast with a ten-day lockout. that lockout cost the u.s. economy about $1 billion a day and it took more than six months to fully recover from. >> i have to think that a lot of retailers have already tried to make alternate plans because they were fearful this was going happen and so as a result have started to spend money. did some companies start airfreighting stuff instead which would be much more expensiv
. > larry, thanks for coming on the show. have a good day. the largest shipping port in the nation that has been shut down by a strike for days could be closer to re-opening. union workers and ship-owners are meeting with a federal mediator. the walkout by 800 office clerical workers started november 27th against shipping lines and terminal owners. the office workers have been without a contract since june of 2010. they were joined on the picket lines in l.a. and long beach by dockworkers and truckers, bringing business to a standstill at those ports. shipping companies say the employees have been offered job security, along with generous wage and pension increases. workers contend their jobs are being shipped overseas. "we're not asking for money, we are asking for jobs, and most peopls are saying you are being greedy. no, that's not the whole point." the mayor of l.a. says the strike is costing the local economy billions of dollars per week. avoiding the fiscal cliff is coming down to taxes. president obama told bloomberg tv yesterday he is willing to be flexible, but there will be no dea
and long beach port workers were back at work today, ending a costly eight-day strike. the ports were crippled after clerical workers went on strike and were supported by the longshoreman's union, which refused to cross the picket line. the shutdown cost $1 billion a day. the work stoppage also forced ships to reroute to ports in mexico, panama and northern california. a tentative deal was reached late last night after federal mediators joined negotiations. no details yet on the deal, but workers are expected to get new terms that will prevent jobs from being outsourced. >> tom: we saw the influence of apple on any stk inx which includes it. without apple, the dow rallied. but the nasdaq and s&p 500 were weighed down thanks to apple's weakness. the s&p 500 hit its lowest level of the session just after a stronger than expected report on the services sector before 11:00 a.m. eastern time. it bounced into positive territory and closed up 0.2%. volume picked up a little on the big board with 757 million shares. 1.8 billion moved on the nasdaq. the technology sector was the big drag on th
: there's also the "container cliff". 14 ports along the u.s. east and gulf coasts are at risk of closing if longshoremen and the international maritime alliance cannot reach a deal by saturday. federal mediators have been called in to help with last minute negotiations. at the heart of the dispute: container royalties. those fees charged to shippers were implemented in the 1960s to help dock workers displaced by technology. the maritime alliance wants the royalties capped. earlier this month a port strike in southern california, cost an estimated $1 billion a day. netflix is blaming problems at its web service provider, amazon for a server outage that took down its streaming video service on christmas eve and into christmas day. netflix says it worked through the night with engineers at amazon to get the service back up and running. netflix shares rebounded today, rising almost 2%, while amazon shares fell nearly 4%. >> susie: amazon was just one of many stocks in the red today. as we mentioned earlier, stocks were dragged lower by the retail sector after a report showed consumers did no
strike in the nation's port on the east and southern coast, the first since '77 that could cost retailers and importers billions. businesses now asking its white house to get involved. >>> you can now get the nokia lumia for free, depending on the service provider contract you sign s that standard practice or a sign the company's flagship phone suspect selling well? >>> we will start off with news about the fiscal cliff. congress returning to capitol hill today to try to get a deal done on the cliff before the deadline on december 31st. senate majority leader harry reid is working to see if the scaled backpackage the president laid out last week can get through congress before monday. meantime, treasury secretary timothy geithner says the government will hit the debt ceiling on monday and he is launching an emergency plan to avert a crisis. amm eamon javers is live. what do we know? >> the president is coming back early, a couple days earlier than his vacation. did a little bit of jogging, working out in the gym over his vacation. now he will be,ing would out on this fiscal cliff. the sen
of the day. we do have some movement in the transports today, this in the wake of the news of that port strike has been averted, at least for another 30 days. that was impacting some of the truckers because there was concerns they wouldn't have some inventory to truck around the country. they've turned around and transports actually having retreated yesterday. they did move into the green a little while ago. also look at the consumer discretion nar ris because this is reflecting reaction to the news. strike has been averted as well. keep in mind there are a number of retailers in this group. there were concerns, of course, that a retail supply chain would be disrupted if we had a strike at the ports along the east coast and the gulf of the mexico. in the wake of it being averted for another 30 days we've seen some strength in home depot and lowe's of course. those stocks benefitting from day's news on pending home sales which once again was very strong. the dow up 68 points. michelle, back to you. >>> all right, mary. washington, the country wants to know are you going to rise above or
of the export numbers here. the exports came in at 9% growth. but that was supposed to be a slowdown. tim port numbers came in at zero growth and a lot of people were expecting to see an easing of 2% growth. so the figures that came out really were underscoring people's concerns, especially in the manufacturing sector about the health of the growth demand, specifically to europe as well as to the united states. so the shipments to the u.s. looks pretty bag. they clocked negative growth. this is very rare. and the shipments to europe were even worse. we saw shipments to europe fall by 18% year on year. this is the worst performance that we saw in three years. so overall, peek are quite concerned about the fiscal cliff, they're worried about whether or not the countries in those parts of the world will continue to by chinese aid goods. if you look at those figures in isolation would show a negative picture. however, if you look on the other side, there are some other numbers that were offsetting those trade data figures. we had the factory overput figures over the weekend. retail sales numbers c
:49. there's been another shakeup at the port of oakland, into questionable spending of money. james caan is now stepping down. the audit says some of the port's credit cardholders skirted spending limits on single transactions. it also says more than $67,000 in extravagant gifts may violent state and federal laws and that some expenses expose the port to tax liabilities. >>> it is something that we take seriously and are not gonna close our eyes, too. we're gonna look at it. make sure that mistakes of the past are not repeated. >> he's the second executive to step down. omar benjamin abruptly retired last month. the port says the two racked up more than $5,000 in charges at two strip luns. the money has since been -- clubs. the money has since been repaid. >>> more than 40,000 people visit it every day. how a redesign will make a popular part of fisherman's wharf even better. >>> our time is now 7:53. four nfl players will find out today if their suspensions for a bounty investigation of the new orleans saints will be upheld, reduced or thrown out. former commissioner paul tagliabue will
of a diversified port feel yportfolio. the wil willy mays and micky mas they don't drop and they are higher in spice. steiners is a sports collectible company. he built the company. >> you are in the business ofse. how much does dirt sell for. >> dirt can sell from t. we have football stadiums and i'm a big fantastic of it. steiner has sold over 25 million of game used dirt and his goal is to sell 100 million. investors home to see their collectibles rise in value because forgery is the industries dirty business. with all of the money printing in washington and inflation creeping up. some say it's smart to holding collectibles to your lineup to stay in the game. >> we need to gis distinguishbed investments. and some of these can be rewarding particularly if we see higher inflation in the years to come. >> you can easily unload yourb u can for a stock or bond. there will be a healthy demand for the yankee slugger that built the house but now houses the dirt. babe ruth went for record prices. >> he is the face of baseballanp in time. >> not to mention a good facef . john stocks would
a billion dollars a day. that's just one port. this is going to be newark, the gulf ports down in houston. adam: what seems to be a sticking point is a fee that the men and women who unload the containers get paid by the weight of the container. one thing not knowing too much of the details of where the hold-up is, the containers are getting larger and larger. what the ports are saying is it's too expensive. it hit a point where the the fees can't keep growing. they want to cap it. that seems to be where they are at loggerheads. you don't want to shut down commerce in the united states and that's what this will do. liz: it would stretch from maine to houston apparently. it would choke supply chains across the country. and whether or not the federal government would step in and mediate this one is going to be a key issue going forward for any similar labor disputes. david: if the government does, of course the obama administration has been seen as being pro union, would that continue to be pro union even though being pro union could cripple this economy. liz: it depends on whoois on the bo
billions of dollars. a ten day port lockout in 2002 cost $1 billion a day and caused a major backlog and shipment. those same officials have called on the president to use emergency powers to avoid a coast guard port shutdown. talks broke down last week. federal ridi haters are hopeful to avoid a total shutdown. it was a customers tree this christmas with retailers slashing prices and hope of mary profit. did those deals bring in the dollar? adam shapiro is joining that story. >> it did not bring in the dollars the same way it has in years past. here are the numbers according to its polls. this is not indicative of those holders. from the period of october 28 through december 24, sales only grew by seven tenths of a percent. sales grew by 2%. as we take a look at some of our favorite video, people actually shopping, the retail federation is sticking to its prediction. we will see year over year growth for the holiday season. they are predicting we will have a $586 billion season. what we are seeing through spending polls and shopping track where they downward vision, the reaction to
, however, has been averted on the east coast and gulf coast. a massive looming port strike will not happen, at least for now. going live to miami ahead in a few minutes for up to the minute details on that and why it's not -ealing a blow to the u.s. economy. first, stocks, as we do every 15 minutes, going to the floor. new york stock exchange. lauren is there watching it. any indication from the investors and traders about a deal? are they telling you if they have an inside scoop? >> they do not have an inside scoop, but there's con play sen sigh, and stocks stuck in the range, down half a percent for the broader market, down for five days in a row waiting, two hours from now, to hear somebody in washington say something about fiscal cliff, and then we'll move on that news, but traders are saying if we get a deal done, we'll see the market take off. we have not seen a santa claus rally this december, unfortunately, and, in fact, the nasdaq lower. stocks lower, by the way. here's the new york stock exchange, three stocks trading down for every one trading up. another thing trading up a the
to wow savings from banks. >>> and dock workers that we talked at four pacific northwest ports have moved closer to a possible labor clash with grain shippers. meantime, the parties in a larger separate dispute at 15 east and gulf coast ports have agreed to mediation. the ports face a strike deadline set for december 30. >>> and a new jersey pension fund is suing the nyse euro next or its proposed $ 8.2 billion sale to i.c.e., saying it undervalues the company stock. the lawsuit seeks class action status on behalf of other shareholders and aims to block the sale. another case of just -- you know, too many lawyers, too little to do. >>> and -- or not. i'm just -- we should put commentary on that. shouldn't we? but every time any deal is announced, there's always going to be some shareholders that wish they got more. and there's going to be a willing lawyer to say, okay, i'll take the case. >> pretty healthy premium. >> yeah. exactly. but that doesn't mean a lawyer -- >> it may not be enough. >> it's never enough. if you're going to wear a brioni tie. nice. did i out you? >> why, are those
issues like liquidity. >>> and a strike at the port in long beach could cost the u.s. economy $1 billion a day. more details when we come back. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express ember 22nd for christmas delivery. >>> you'euro slightly firmer agt the dollar. this is bank of france governor says the city of london should no longer be the main trading hub. is he whis links in tling in th is it doable? >> i think if you look at the figures they speak for themselves. at the moment 40% is actually this london compared to maybe 3% in france, 2% in germany, and it's not just that london dominates, but that the long term trend is actually away from france and germany and towards london. so a tough challenge for the ecb. >> so even if eurozone banks -- i suppose can they lean on eurozone banks to move their trading floors to paris and frankfurt. i don't know. >> that's true. and the fact is with currency, it's not just abou
of the ports of los angeles and long beach. striking clerical workers and longshoremen who refuse to cross picket lines will be back on the job later. shippers and the union agreed to federal mediation on tuesday. the clerks have been working without a contract for two years. the strike shut down ten of the port's 14 terminals, backing up several ships waiting to off load their cargo. >>> still to come, egyptian president morsi has returned to work just a short time ago after leaving the palace during protests last night. we'll have the very latest from cairo when we come back. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. >>> a recap of the headlines. the fiscal fight rages on in washington as republicans try to fend off an internal divide. shanghai stocks jump after china's government plengs to support pro-growth economic r
: no intervention by the white house as ports in l.a. and long beach shut. dennis: the mighty mississippi, jeff flock on the river. >> dennis, they want intervention from the white house on this. look at the mississippi. we are live on the mississippi. dangerously low water levels. can washington help? we'll answer the question when we come back. stand by. ♪ twins. i didn't e them coming. i have obligations. cute obligations, b obligatio. i need to rethink the core of portfio. what i really need is sleep. introducing the ishares core, building blocks for the het of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishararesor a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully fore investing risk includes possible loss of principal. >> 23 minutes past the hour, i'm heather nauert with the fox news minute. protesters breakthrough police lines, and protest near the presidential palace in cairo. sources telling us that president morsi left the palace fol
a different subject. something that could affect our economy short-term. port workers from boston to houston, threatening to strike and walk off the job come sunday. that could disrupt 2 million tons of imports every single day, and billions of dollars of economic activity every day, every week that this walkout continues. it's a threat at the moment, but it could become reality come sunday. if it happened, do you think we go into recession? is it the final straw at that kicks us into recession? >> well, given the fact that so many goods have come in in the end of the third and the beginning of the fourth quarter for the holiday season, i think if it's a short-term thing, we don't go into recession. now what i say about this, stuart, i say if that happens, fire them all. working and having a job is a privilege not a right. we have become the entitled state of america and i will tell you what i've never been in a job if i decided to go on strike they wouldn't have said, carol, guess what, that's the door don't let it hit you on the butt as you go out. if they want to strike, 20 million people
and farmers are bracing for possible strike. lori: no way. tracy: right. that could shut down ports from boston to houston. 15,000 dock workers are preparing to strike after this weekend. after contract negotiations between international longshoremen's union and shippers broke down. groups are calling on president obama to step in, believe it or not to avoid billions in losses. they're citing a 2002 lockout at west coast ports, at west coast ports that caused the economy one billion dollars a day. this is after a push by federal mediators, the two sides agreed to come to the table again. no word when those talks are scheduled. the only up shot to the whole thing, lori, the big shipping season is over. lori: that is one of the mitigating factors. tracy: it might not be as damaging to the economy. we're talking about royalty fees here. lori: we're talking about royalty fees. a union story. union having more of an influence given size of this economy and industry. this is what the critics are saying about it. more big bad union news there for you. let's check the markets. stocks are off the
cormick. this is the one. larry in washington, larry? >> caller: boo-yah from port angeles, washington, jim. >> i'm liking that. >> caller: what do you think about american axle? you recommended that a few months ago, are you still hot on it? >> yes, i am. i think that is absolutely terrific. it's going to be big, the trucks port is going to be big. i like it. i want to own it. now let's go to emile in new york. emile? >> caller: hi, jim, how are you doing? >> couldn't be better. how about you, partner? >> caller: doing great. what are your thoughts on a long position in tdg for the upcoming year? >> oh, man, come on, aerospace, i love it. the stock is up 50%. >> buy, buy, buy! >> i think it's a terrific stock and i want you to own it, particularly if it gets any weakness. i want you to buy, buy, buy. and that, ladies and gentlemen, is the conclusion of the "lightning round." >> the "lightning round" is sponsored by td ameritrade. >>> coming up -- waiting for washington to rise above? get your portfolio prepared for whatever happens call, tweet, or e-mail and find your way to the latest edition of "am i d
again. tracy: and 14 major ports that are being threatened to be shut down. we will get the latest. lori: also confidence in the global economy is higher suggesting people are picking up more security. we are back after this. she keeps you guessing. it's part of what you love about her. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, ashis may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effectsay include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting morehan four hours. if you ha
. >> susie: thas "nightly business port" r weesday, decber 19 have a great evening everyone, and you too tom. >> tom: goodnight susie, we'll see you online at: www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> join us anytime at nbr.com. there, you'll find full episodes of the program, complete show transcripts and all the market stats. also follows us on our facebook page at bizrpt. and on twitter @bizrpt.
or the bears? the traders' take ahead of the opening bell. a port strike is looming. we'll ask retail federation matthew shay about the billions of dollars that could be at stake. plus, what he thinks of the holiday retail numbers. let's look at the futures as we head to the opening. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. it's another reason more investors are saying... to the best vacation sp(all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seaf
's busiest port since a 10 day lockout by longshoremen in 2002. and this one is taking place after the busy pre-holiday shipping season. major retailers unexpected, but asking president obama for intervene. and it seems justin bieber may not know his banking history. the teen idol was asked to lead a ping-pong tournament and asked why does he get the room and not us, suggesting the pop star's unaware that jpmorgan actually deceased some time ago, a jpmorgan apologized for the confusion saying bieber is welcome to play ping-pong with us anytime. any way, on to japan. to japan now. qualcomm will be taking a stake in sharp. the story for us from tokyo. >> the deal will see the two uses sharp technology. sharp will receive $61 million from qualcomm by the end of this year which wou year, but the chip maker will also make additional investment the in the future if the partnership turns out to be successful p. the nikkei reporting the total amount of investment would be around $22 million which would give qualcomm a roughly 5% stake in sharp. sharp likely to post its second consecutive net loss f
by the superstar. now, elizabeth macdonald has been up front of the story. >> reporter: being called the port storm. the spending bill for residents of new york and new jersey. let's take a look at some of the wish lists and items in the bill. $41 million for military bases including cuba. 23 million for tree planting, 4 million for sand dunes, $4 million for new cars and office equipment at the fbi. $2 million for a new roof at the smithsonian all the way down to $1 million for treason cemeteries, so here is the debate. did that storm hit d.c. or new york and new jersey? is it the right thing to nationalize the disasters? should you have it at the state -- spinning at the state level and not governed by the federal government? that is the problem. no hearings at on the spending in the spending bill. $60 billion on this is equal to what the tax hike would be in the top 2% bracket. dennis: what are they -- do we have any idea? >> reporter: i have been checking into it. no word. we have an update from the governors of new york, new jersey, and connecticut's and 60 billion went out the door two weeks
are jealously guarding the port of tartus where they have a significant military and financial investment in syria. they are a patron of syria. it is very unlikely of the russians are going to help dislodge this, and that is a shame, obviously, because the syrians are loading chemical weapons. we hear dangerous reports command of syria right now. lou: and we learn that the pen exiles, one of the exile leaders returning to gaza today. well, not returning to, but going from which he had been banned for 45 years. your reaction? and an assessment of its significance. >> sure. the political leader. this is seen as a victory. i'm not sure why they let him back in. but currently celebrating his 205th anniversary, and they are also celebrating what they describe as a victory over the israelis despite the fact that the israelis really dominated the battlefield during that war in gaza two weeks ago. lou: it's great to have you with us. we thank you so much. appreciate it. >> my pleasure. lou: much more. we will take all of that up with the "a-team" here next. ♪ lou: 18 days until christmas, 24 da
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